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Aspiring Lawyers - Applications & General Advice
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Practise your commercial awareness for your next interview using PESTLE & SWOT.
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<blockquote data-quote="pinkpineapple" data-source="post: 134066" data-attributes="member: 27802"><p>PESTLE</p><p>P- potentially unstable government at Westminster (impacts investor confidence thus rates etc), Ukraine war and prices of grain etc, will strikes impact business ie being beside a train station but strikes on so no customers etc and/or deliveries possibly would be affected (maybe avoid Royal Mail)</p><p>E- interest rate remains high and the pound is weak so as a small business, may struggle to get loans or a mortgage (the latter will cost more than it ever has)</p><p>S- consumers are spending less due to inflation so the UK service industry is suffering</p><p>T- consider ways customers may want to pay</p><p>L- the coffee shop will require employees so labour laws will apply, as will health and safety laws need to be complied with ie food prep so consider hygeine, allergies</p><p>E- consider environmental incentives for customers eg recyclable cups and discounts for use of own cups</p><p></p><p>SWOT</p><p>S- it is possible the coffee shop would appeal to a niche, creating a particular atmosphere (opportunity arising from being an independent shop vs well known chain/brand)</p><p>W- not suggested there is such a USP</p><p>O- perhaps vegan/eco options for coffee/food, or go locally sourced to appeal to ESG investors and customers</p><p>T- there are surely many independent coffee shops in London</p></blockquote><p></p>
[QUOTE="pinkpineapple, post: 134066, member: 27802"] PESTLE P- potentially unstable government at Westminster (impacts investor confidence thus rates etc), Ukraine war and prices of grain etc, will strikes impact business ie being beside a train station but strikes on so no customers etc and/or deliveries possibly would be affected (maybe avoid Royal Mail) E- interest rate remains high and the pound is weak so as a small business, may struggle to get loans or a mortgage (the latter will cost more than it ever has) S- consumers are spending less due to inflation so the UK service industry is suffering T- consider ways customers may want to pay L- the coffee shop will require employees so labour laws will apply, as will health and safety laws need to be complied with ie food prep so consider hygeine, allergies E- consider environmental incentives for customers eg recyclable cups and discounts for use of own cups SWOT S- it is possible the coffee shop would appeal to a niche, creating a particular atmosphere (opportunity arising from being an independent shop vs well known chain/brand) W- not suggested there is such a USP O- perhaps vegan/eco options for coffee/food, or go locally sourced to appeal to ESG investors and customers T- there are surely many independent coffee shops in London [/QUOTE]
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